Oklahoma Statutes
§ 15-1009 — Construction of power relating to commodity and option
Oklahoma·Title 15 Contracts
transactions. CONSTRUCTION OF POWER RELATING TO COMMODITY AND OPTION TRANSACTIONS In a statutory power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call and put options on stocks and stock indexes traded on a regulated option exchange, and establish, continue, modify, and terminate option accounts with a broker.
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Legislative History
Added by Laws 1998, c. 420, § 9, eff. Nov. 1, 1998.
Nearby Sections
15
§ 15-1
Contract defined.§ 15-1001
Short title.§ 15-1002
Purpose.§ 15-1004
Durability of power of attorney.§ 15-1005
Construction of power generally.§ 15-101
Object of a contract.